What Facebook wants, Facebook tends to get. But US regulators aren't happy about it.
Facebook is the US$1 trillion tech company headed up by rumoured robot Mark Zuckerberg. And it's always getting into trouble with regulators (remember the Cambridge Analytica scandal...?)
US regulators are trying to nail FB over antitrust concerns...again. They already tried once, but now they've come back for a second round.
They reckon FB's got a dodgy habit of 'buying or burying' competitors, which has given it an illegal monopoly. FB reckons if it wasn't deemed a monopolist the first time, it won't be again.
Anti-competitive behaviour is a huge threat to consumers, which is why regulators have developed antitrust laws to encourage competition. It's why regulators always cast an eye over potential M&As before giving them the green light.
Regulators like competition because it leads to lower prices, higher quality products and services and more innovation.
But FB keeps toeing the antitrust line. Regulators say FB has a bad habit of buying or burying new innovators when their popularity starts to threaten FB's existence (think WhatsApp and Insta). If regs are successful, it could force FB to break up its biz.
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